Moldova takes decisive step to adhere to European electricity trading standards, market integration with Ukraine moves ahead
As of 1 June, the electricity market rules entered into force in Moldova. These rules establish a balancing mechanism that sets a level playing field for all market players and unlocks the potential to utilise the interconnection with Ukraine. This boosts competition and security of supply, mitigating Moldova’s dependence on one dominant electricity source.
On the same day, an agreement on the financial settlement of unintended electricity deviations between the transmission system operators Moldelectrica of Moldova and Ukrenergo of Ukraine entered into force. This is a result of Ukrenergo joining the centralized ENTSO-E mechanism for financial settlement of intentional and unintentional deviations FSkar, an important condition for future commercial exchanges. Ukrenergo will perform the settlement of unintentional deviations for the whole Ukraine-Moldova system (including deviations of the Moldovan system), while the bilateral settlement of deviations between Ukrenergo and Moldelectrica, governed by the inter-TSO agreement mirrors the FSkar requirements for each system. In addition, on 2 June, Moldelectrica and Ukrenergo agreed on an emergency electricity supply contract, which strengthens further cooperation and provides for security of supply in Moldova.
The Energy Community Secretariat will further support the authorities and companies of Moldova in building and integrating an electricity market based on the European model.